StockNews.com Begins Coverage on Orion Energy Systems (NASDAQ:OESX)

Equities researchers at StockNews.com began coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a note issued to investors on Thursday. The firm set a “hold” rating on the electronics maker’s stock.

Separately, HC Wainwright reissued a “buy” rating and issued a $3.00 price objective on shares of Orion Energy Systems in a research note on Thursday, August 8th.

Orion Energy Systems Trading Up 2.4 %

Orion Energy Systems stock opened at $0.86 on Thursday. The stock has a 50-day simple moving average of $0.90 and a 200 day simple moving average of $0.96. The stock has a market capitalization of $28.30 million, a P/E ratio of -3.44 and a beta of 1.34. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.93 and a current ratio of 1.49. Orion Energy Systems has a 52 week low of $0.81 and a 52 week high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings results on Wednesday, November 6th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The business had revenue of $19.36 million for the quarter, compared to analyst estimates of $19.40 million. Orion Energy Systems had a negative net margin of 8.76% and a negative return on equity of 48.81%. During the same period in the prior year, the business earned ($0.14) EPS. Analysts expect that Orion Energy Systems will post -0.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in Orion Energy Systems by 9.0% in the third quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock valued at $268,000 after acquiring an additional 25,816 shares during the last quarter. North Star Investment Management Corp. lifted its holdings in shares of Orion Energy Systems by 1.2% during the 3rd quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock worth $3,370,000 after acquiring an additional 47,300 shares during the last quarter. Grace & White Inc. NY increased its position in shares of Orion Energy Systems by 1.3% during the 3rd quarter. Grace & White Inc. NY now owns 2,695,406 shares of the electronics maker’s stock valued at $2,310,000 after purchasing an additional 33,451 shares during the last quarter. Finally, Tieton Capital Management LLC grew its position in Orion Energy Systems by 2.5% during the second quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock valued at $2,427,000 after acquiring an additional 53,789 shares during the last quarter. 52.59% of the stock is owned by institutional investors.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc, together with its subsidiaries, researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, area lighting, industrial applications, and government in North America and Germany. It operates in three segments: Lighting, Maintenance, and Electric Vehicle (EV).